How To Fix FTR_LC002 - Termination date cannot be before start date &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_LC - Message class for Letter of Credit

• Message number: 002

• Message text: Termination date cannot be before start date &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_LC002 - Termination date cannot be before start date &1 ?

  The SAP error message FTR_LC002 indicates that there is a problem with the termination date of a financial transaction or contract, specifically that the termination date cannot be set before the start date. This error typically occurs in the context of financial transactions, such as loans, leases, or other contractual agreements managed within the SAP system.
  Cause:
  The error arises when a user attempts to enter or modify a financial transaction where the termination date (the date when the contract ends) is earlier than the start date (the date when the contract begins). This is logically incorrect, as a contract cannot end before it has started.
  Solution:
  To resolve this error, follow these steps:
  
  
  Check Dates: Review the start date and termination date of the transaction. Ensure that the termination date is set to a date that is equal to or later than the start date.
  
  
  Modify the Dates: If the termination date is incorrect, update it to a valid date that meets the requirement. You can do this by:
  
  Navigating to the relevant transaction or contract in SAP.
  Editing the termination date field to a date that is on or after the start date.
  
  
  
  Validation: After making the changes, validate the transaction to ensure that the error no longer appears.
  
  
  Consult Documentation: If you are unsure about the correct dates to use, consult the relevant documentation or guidelines for the specific financial transaction you are working with.
  
  
  User Training: If this error occurs frequently, consider providing training or guidelines to users on how to correctly enter dates in financial transactions to prevent similar issues in the future.
  
  
  Related Information:
  
  Transaction Codes: Depending on the context, you may be using transaction codes such as FTR_EDIT (for editing financial transactions) or FTR_CREATE (for creating new transactions).
  SAP Notes: Check SAP Notes for any specific patches or updates related to this error message, as there may be known issues or enhancements that could affect how dates are handled.
  Configuration Settings: In some cases, the configuration settings for financial transactions may need to be reviewed to ensure that they align with business rules regarding contract dates.
  
  By following these steps, you should be able to resolve the FTR_LC002 error and ensure that your financial transactions are correctly configured in SAP.